Bitcoin confirms weekly bullish trend signal for the first time since 2023
Bitcoin just flipped a long-term weekly trend indicator from bearish to bullish for the first time in almost four years, a positive sign for crypto holders looking months out.
- The weekly trend flip last happened at the end of the 2022 bear market, which was followed by a multi-year run higher.
- A bullish divergence has also been building on the weekly chart since the low near $60,000, backing up the longer-term case.
- Short term is weaker: Bitcoin is stuck under resistance around $80,000-$82,000 and cooling off after being overbought.
- Bitcoin is losing market share while its price holds steady, which means altcoins are quietly outperforming.
- Ethereum is pressing against resistance just above $2,500, while Solana and Chainlink have both broken out to new highs.
Outlook: Expect a quiet, sideways next few days with US markets closed for the holiday, but the bigger trend now points up.
## Bitcoin Levels
- **Bias:** Bullish on the weekly/months-out view, neutral to slightly weak short term.
- **Buy / accumulate:** $76.1K — the liquidity pocket below price and the main short-term dip target.
- **Support:** $76.1K.
- **Resistance:** $80,000-$82,000, with the key high at $82.5K.
- **Targets:** A confirmed break above $82.5K would strongly confirm the longer-term bullish structure.
- **Invalidation:** Daily bearish divergence still active — a deeper drop below the $76.1K area would undercut the short-term setup.